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3. You are an energy trader looking to hedge a WTI crude oil exposure until year-end using futures. The available delivery months in the futures

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3. You are an energy trader looking to hedge a WTI crude oil exposure until year-end using futures. The available delivery months in the futures market are May, August, November, and February. The contract with the following delivery month could best hedge your exposure: A) May B) August C) November D) February E) Not available

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